English Forum Switzerland

English Forum Switzerland (https://www.englishforum.ch/forum.php)
-   Finance/banking/taxation (https://www.englishforum.ch/finance-banking-taxation/)
-   -   Multi Currency Credit Card ["Revolut"] (https://www.englishforum.ch/finance-banking-taxation/240252-multi-currency-credit-card-revolut.html)

alain 30.06.2020 17:00

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by Relagu (Post 3195234)
Will I be able to use my Revolut to get my salary on there?

Ta

Id be careful with this. The product is great for consumers but the company is not the most reputable, dependable, or accessible in case of issue.

Urs Max 30.06.2020 22:33

Re: Multi Currency Credit Card ["Revolut"]
 
You want to be careful when using fintech companies, and only deposit sums you have no problems losing entirely.

Wirecard appears to have gone bankrupt, essentially out of the blue.

That's not to say that others will follow, not at all. It just shows that everbody needs to protect themselves.

Axa 30.06.2020 23:30

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by Urs Max (Post 3195496)
You want to be careful when using fintech companies, and only deposit sums you have no problems losing entirely.

Wirecard appears to have gone bankrupt, essentially out of the blue.

That's not to say that others will follow, not at all. It just shows that everbody needs to protect themselves.

Indeed, the Wirecard bankruptcy left some people with access to their money, funny names: U Account, Pockit, Curve, Payoneer, etc. In this bankruptcy deposits seem to be fine, the problem is they're just blocked for a while.

https://www.bbc.com/news/business-53198409

PS. the Wirecard scandal has been brewing for a long time. Just read the FT coverage. By the way, Revolut used to work with Wirecard until the bad reputation of Wirecard made Revolut look for an alternative...not so long ago.

Urs Max 30.06.2020 23:52

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by Axa (Post 3195507)
Indeed, the Wirecard bankruptcy left some people with access to their money, funny names: U Account, Pockit, Curve, Payoneer, etc. In this bankruptcy deposits seem to be fine, the problem is they're just blocked for a while.

https://www.bbc.com/news/business-53198409

PS. the Wirecard scandal has been brewing for a long time. Just read the FT coverage. By the way, Revolut used to work with Wirecard until the bad reputation of Wirecard made Revolut look for an alternative...not so long ago.

Maybe, maybe not. IIRC they seem to have fraudulently booked some $2bln, revenue claimed to have been generated in Asia, that money must be missing somewhere. And even if deposit guarantee pays for the damage, we all finance that one way or another.

At the end of the day it's us collectively who shoulder the damage.


All times are GMT +2. The time now is 04:45.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0